Home' Trinidad and Tobago Guardian : November 24th 2015 Contents A48
Guardian www.guardian.co.tt Tuesday, November 24, 2015
The Bankers' Association of Trinidad and Tobago (BATT) has taken note of certain concerns
raised publicly regarding the availability and movement of US denominated (USD) foreign
exchange in the local market.
It must be noted that the market receives foreign exchange from in ows from the energy and
manufacturing sectors, foreign direct investment, and injections from the Central Bank of
Trinidad and Tobago (CBTT).
With the decline in global energy prices, there has been an attendant decline in the supply of
foreign exchange to the local market from the energy sector. This has been supplemented by
CBTT injections and BATT commends the CBTT for its consistent and timely injections, the most
recent of which took place on October 30, 2015. This injection was used to satisfy trade related
demand which had been building in the market for some time.
There has also been much discussion recently related to the movement in the foreign exchange
rate. It should be noted that Trinidad and Tobago has for many years operated a managed
oating rate regime and as a result it is quite normal to experience slight movements in either
direction in the exchange rate. When taken over the longer term these movements are re ective
of market dynamics and should be viewed in that context.
With regards to the availability of US Cash in Banks, all
commercial banks manage the supply of USD cash to their
customers based on several considerations and BATT is not aware
of any new restrictions on the sale of USD cash to customers. It
should also be noted that customers with US accounts in
commercial banks can access their accounts at any time using
wires or bank drafts.
BATT will continue to work with the CBTT in the e ective
management and delivery of foreign exchange to the local
market for the bene t of all its customers.
Working together for you.
Statement by the
Bankers Association of
Trinidad and Tobago
on the availability
of USD foreign exchange
DENVER---Golden State tied the best start to a
season in NBA history by beating the Denver
Nuggets 118-105 on Sunday night, moving to 15-0.
The Warriors matched the start of the 1948-49
Washington Capitols and the 93-94 Houston Rockets.
The Warriors can break the record when they play
at home against the Los Angeles Lakers today.
Elsewhere, Oklahoma City came back from a dou-
ble-digit deficit in the third quarter to edge Dallas,
and Toronto clamped down early on the Los Angeles
Clippers stars and had a comfortable win.
Golden State s Klay Thompson scored 21 points
for the Warriors, who surpassed the 57-58 Boston
Celtics for the best start by a defending champion.
Thompson hit a 3-pointer with 2:08 remaining in
the second quarter and Golden State never trailed
again. The reserves built up a sizeable lead and allowed
Stephen Curry to rest the entire fourth quarter. Curry
had 19 points, the first time this season he hasn t
Darrell Arthur had 21 points for Denver, which has
lost three straight.
Oklahoma City s Russell Westbrook had 31 points
and 11 assists, hitting two key baskets in the final 63
seconds, to lead the Thunder past Dallas 117-114,
halting the Mavericks six-game winning streak.
Westbrook broke a 113-113 tie with a jumper with
1:03 left. Zaza Pachulia made 1 of 2 from the free-
throw line to pull the Mavericks within a point before
Westbrook s 18-foot jumper with 24 seconds left
capped the scoring.
Serge Ibaka had 16 points, nine rebounds and a
key late blocked shot for Oklahoma City, which was
without star forward Kevin Durant (injured hamstring)
for the sixth straight game.
Deron Williams led Dallas with 20 points, but
missed an 18-footer and had his layup attempt blocked
by Ibaka on consecutive possessions, and Wesley
Mathews last-second off-balance heave from 3-
point range came nowhere close to the basket.
Toronto kept Blake Griffin and Chris Paul scoreless
for the first 20 minutes, setting up a 91-80 win
against the Clippers. DeMar DeRozan had 21 points
and DeMarre Carroll scored all his 21 points
in the first half for the Raptors, who shot
a poor 37 percent from the field but made
up for it by forcing 19 turnovers.
JJ Redick scored 17 points for Los Angeles,
which is 2-7 in its past nine game after
starting the season 4-0.
The only other time they were under a
.500 winning percentage during Doc Rivers
two-plus seasons as coach was after his
first game on the job.
New Orleans Anthony Davis capped a
32-point, 19-rebound performance with a
tiebreaking 3 in the final minute to lead the
Pelicans past Phoenix 122-116.
Brooklyn s Brook Lopez had 23 points
and 10 rebounds and Jarrett Jack scored 13
of his 22 points in the fourth quarter to
steer the Nets to a 111-101 win against
Portland beat the Los Angeles Lakers for
the sixth straight time, winning 107-93 on
the road behind Damian Lillard s 30 points
and career-high 13 assists. (AP)
Warriors match record start
to season with win vs Nuggets
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